Historical Society has 90 days to raise amount, to be matched by benefactor
By Kevin Spradlin
PeeDeePost.com
Tick. Tock.
The clock is ticking on an opportunity for the Richmond County Historical Society to meet a benefactor’s challenge of raising $50,000 in 90 days. If the goal is reached, the benefactor will match that amount, which will increase the Leak-Wall House Endowment Fund.
The challenge is highlighted in this month’s edition of the nonprofit organization’s newsletter.
Kevin Spradlin | PeeDeePost.com
MacCallum, newsletter editor, noted the Wall Garden is sustained through its own endowment. As for the house, “no major work needs to be done on the 162-year-old house, but we never know about tomorrow.”
“Endowment funds last forever,” MacCallum wrote. “Only the interest can be used to repair and maintain the house.”
From the Richmond County Historical Society website:
“The historic Leak-Wall house, built by John Wall Leak in 1853, was acquired by the Richmond County Historical Society in September of 1995. The house had been used as a branch bank for the previous 20 years, put on the market when no longer needed. Raising funds to buy the three acre property was a major undertaking for the Society, however the project was debt-free within three months following the purchase.
John Wall Leak became a major Richmond County farmer and businessman. His interests included a textile mill chartered in 1833, the fifth cotton mill to be chartered in the state. After the Civil War, he provided leadership in industrial development which made Richmond County a very wealthy county by the turn of the century.”
The public can help by donating to the Leak-Wall House Endowment Fund. Make your check to: Leak-Wall House Endowment Fund. Mail your check to: Richmond County Historical Society, P.O. Box 1763, Rockingham, NC 28380.
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